U.S. agriculture urges Trump to remain in WTO
(Posted on 28/09/20)
The National Grain and Feed Association (NGFA) in the USA and 61 other U.S. agriculture stakeholders have urged the Trump administration to remain in the World Trade Organization (WTO), and for Congress to vote against any resolution that would end U.S. membership in the international trade body.
NGFA, established in 1896, consists of more than 1,000 grain, feed, processing, exporting and other grain-related companies that operate more than 7,000 facilities and handle more than 70 percent of all U.S. grains and oilseeds.
In a letter sent this week to U.S. Trade Representative Robert Lighthizer, the groups emphasized support for efforts to reform WTO rules, noting that “improvement is needed” to hold WTO members accountable and improve the organizations’ governance, including the selection of a new director-general.
“Continued U.S. membership and active participation will help ensure that necessary reforms are undertaken…,” the letter states. “As long as exports are important to U.S. agriculture, WTO membership will be essential, as well.”
U.S. agriculture is heavily dependent on exports, the letter stated, with more than 20 percent of total U.S. agricultural production destined for foreign markets. The WTO grants U.S. agricultural exporters most-favored nation (MFN) treatment in 163 countries, representing more than 80 percent of the global economy. The trade body also provides rules to guard against arbitrary use of technical regulations to block imports, the groups noted.
BHP has executed a 15-year contract extension to its power purchase agreement (PPA) with energy provider... Read more
Rio Tinto has released its third quarter production results.Chief Executive J-S Jacques said “... Read more
Michelle Manook, Chief Executive, World Coal Association (WCA) has issued a statement on the World Energy... Read more
Superior Industries, Inc., a global manufacturer and supplier of bulk material processing and handling... Read more
As part of its environmental modernization program, by 2024 RUSAL, a leading global aluminium producer... Read more
As the North American economy continues its recovery, CN is pleased to announce that its people moved... Read more
FLSmidth has confirmed the signing of a definitive agreement for the acquisition of KnowledgeScape,... Read more
BHP CEO Mike Henry has announced BHP’s commitment to training and funding for 3,500 new Australian... Read more
RUSAL, a leading global aluminium producer, has announced that it has been registered as a new resident... Read more
The World Coal Association (WCA) Chief Executive, Michelle Manook has welcomed the IEA Energy Technology... Read more